The Federal Court of Australia has dealt a blow to a number of small businesses, including retailers, who have made been denied insurance payouts for losses sustained during the COVID-19 pandemic.
Class-action lawsuit calls for jewellery and gemstone businesses Posted August 03, 2021 | By Arabella Roden ⢠Editor Gordon Legal, which is representing a number of retailers against insurance company Lloyds of London, has called for more businesses to join the class-action lawsuit.
The focus of the class-action – which was launched in July – is business interruption insurance policies, underwritten by Lloyds of London, and whether or not they provide protection against closures mandated by the COVID-19 pandemic. We believe that the insurers have wrongly denied claims to thousands of jewellery businesses and gem merchants, and failed to support them when they needed it most
Australian jewellery retailer joins COVID-19 class action lawsuit - Jeweller Magazine: Jewellery News and Trends jewellermagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jewellermagazine.com Daily Mail and Mail on Sunday newspapers.
The National Opal Collection store in Melbourne s CBD was forced to close due to the COVID-19 pandemic alongside its sister store in Sydney s The Rocks, while border restrictions to international tourists have seen sales plummet by more than $3 million.
Australian opal dealer challenges COVID-19 insurance rejection Posted January 19, 2021 | By Arabella Roden ⢠Editor Damien Cody, director of opal retail and wholesale business Cody Opal Australia, has publicly challenged insurance companies for refusing to pay out business interruption policies held by small businesses.
The National Opal Collection (NOC) – the retail arm of Cody Opal Australia, with premises in the Sydney and Melbourne CBDs – had taken out a business interruption policy, underwritten by AXA and Lloyds, prior to the COVID-19 pandemic.